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UK-headquartered DL Hudson has filed for administration after a long-running dispute with receivables finance provider Artis Finance, which the commodity trader said is a voluntary move ahead of an anticipated acquisition. DL Hudson filed an administration application in London on November 12, alongside Rektron AQ, an acquisition vehicle that took over the trader in 2018…
Users of car sharing service Mevo are gutted the company’s gone into voluntary administration, saying it’s a cost-effective and climate-conscious choice that’s served them well for years. The Wellington-based company had cars in the capital as well as Auckland, Hamilton and Nelson. Regular customers and the administrators, are hoping it’ll come out the other side.…
Jon Adgemis, whose pub empire failed last year in one of the biggest personal bankruptcies ever, could be publicly grilled by liquidators over a debt pile that reached beyond $1.8 billion as the trustee of his estate investigates tax refunds paid to the former KPMG dealmaker’s companies. BRI Ferrier, the firm that now controls several…
Antonio Guillem/Shutterstock Gambling nearly cost Saul Malek, 28, his life, he told students at University High School in Ohio. At just 21 years old, he was $25,000 in debt and contemplating suicide – a near-miss that followed years of problem gambling beginning with a $10 bet he made on a baseball game as a teenager.…
Going forward, the company will operate under the name LEUNA-Polyamid GmbH. The acquiring entity is taking over the operations and real estate in Leuna as well as 436 of the most recent 500 employees approximately. The insolvency administrator reached an agreement with the works council on a reconciliation of interests, including a social compensation plan. …
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Debt write-offs and wage deals raise concerns that public funds are being used to win votes ahead of local elections. Don’t you just love the smell of ballot papers in the morning? Even though the local government polls are still some months away, the ANC is still continuing to throw other people’s money at potential…
The private developer behind Sydney’s Halo timber office tower has put his part of the ambitious $1.8 billion project into voluntary administration in a move he says will ensure the unique 55-storey building will ultimately get built. The surprise announcement that KPMG has been appointed to Milligan Group entities is the latest twist in the…
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